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141
Nov 23, 2009
11/09
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. >> of like the united states congress. let me ask you a question to reedbuck on the minds of millions of americans. right now we are in the most serious economic decline since the great depression. if you add that the number of people who are unemployed and underemployed 17% of american adults were forced is in that position . the first question, nobody could have predicted this. how do you responsd? >> it was absolutely predictable for a lot of reasons. that mentality in the street. the reason the crisis happened was there was a desire to find products and to create access within wall street that made money. they don't really care. it doesn't matter to wall street firms what those are. it turned out that they created assets out of a small amount of sub prime loans. when i say a small amount, i look at it like it's an upside-down pyramid. 1.4 trillion were issued in. what wall street does is takes them and creates new securities not even trading them back and forth. just the creation of the securities. and then what they d
. >> of like the united states congress. let me ask you a question to reedbuck on the minds of millions of americans. right now we are in the most serious economic decline since the great depression. if you add that the number of people who are unemployed and underemployed 17% of american adults were forced is in that position . the first question, nobody could have predicted this. how do you responsd? >> it was absolutely predictable for a lot of reasons. that mentality in the...
210
210
Nov 26, 2009
11/09
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CSPAN2
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eye 210
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i thought they were vital to actually hear the living, breathing, cussing president of the united states trying to be, try to run a people's government. and i knew that that kind of record have dried up ignobly had recorded their conversations since nixon. my impression was that they are not keeping the kind of record data that will enable you to really find out today what george bush was really thinking before he went into iraq. you know, we're going to have to make do with the myth and the filters and images. and i wanted to do better than that. i was done that he wanted to do better than that. he was thinking about those things even before he took office. >> host: describe briefly 1972. how well did you know him? >> guest: we live together. were the two texas coordinator he asked if he could bring his new girlfriend, hillary, to our apartment so the three of us got an apartment together. hillary also worked in other states and even bill and i had the time, we were traveling all over like water bugs in the big state of texas. we didn't spend all that much time together. we were technic
i thought they were vital to actually hear the living, breathing, cussing president of the united states trying to be, try to run a people's government. and i knew that that kind of record have dried up ignobly had recorded their conversations since nixon. my impression was that they are not keeping the kind of record data that will enable you to really find out today what george bush was really thinking before he went into iraq. you know, we're going to have to make do with the myth and the...
196
196
Nov 29, 2009
11/09
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CSPAN2
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eye 196
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if we don't act we may have the collapse of finance in the united states and the rest of the world. where were they? >> guest: i don't think there were looking at the data. if they were there were choosing to ignore it or act optimistic because that serve the political agenda. you don't want to be the party in power when the crisis happens. if you can sort of push along and will it to not happen and give this, this is how i look at it from the outside, but give a positive spin you can push it on to rally the next guy or the next administration. >> host: he almost got out. >> guest: he almost got out. >> host: he almost made it. >> guest: if it happened at the beginning of 2009 it would have changed. >> host: talk about this whole business of deregulation. during the ten year period wall street spent $105 billion pressuring congress for campaign contributions to deregulate. what impact did all of that deregulation have on the ensuing financial collapse? >> guest: the repeal of a glass-stiegel was the catalyst for what became the collapse and what became a few years later some enron a
if we don't act we may have the collapse of finance in the united states and the rest of the world. where were they? >> guest: i don't think there were looking at the data. if they were there were choosing to ignore it or act optimistic because that serve the political agenda. you don't want to be the party in power when the crisis happens. if you can sort of push along and will it to not happen and give this, this is how i look at it from the outside, but give a positive spin you can...
134
134
Nov 27, 2009
11/09
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they're outside the antitrust law of of the united states of america. the democratic bill will repeal this unfair antitrust exemption, bring real competition to this industry for the first time since the 1940's. the republicans don't want to touch that with a 100-foot pole or maybe a $10,000 contribution. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from texas rise? . mr. olson: to address the house for one minute. the speaker pro tempore: the gentleman is recognized. mr. olson: the pelosi health care bill would have a significant impact on the texas economy and existing physician-owned hospitals and a quality of health care in my home state of texas. texas leads the nation with 50 physician-owned hospitals, but under this bill these hospitals would be prohibited from adding beds or otherwise increasing capacity and medicare payments to any doctor-owned hospitals would be prohibited. according to a january, 2009 study by health economic study group, physician-owned hospitals employ over 22,000 texans and
they're outside the antitrust law of of the united states of america. the democratic bill will repeal this unfair antitrust exemption, bring real competition to this industry for the first time since the 1940's. the republicans don't want to touch that with a 100-foot pole or maybe a $10,000 contribution. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from texas rise? . mr. olson: to address the house for one minute. the speaker pro tempore: the...